1,556 The Travelers Companies, Inc. $TRV Shares Purchased by Leuthold Group LLC

Leuthold Group LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 9.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,564 shares of the insurance provider’s stock after buying an additional 1,556 shares during the quarter. Leuthold Group LLC’s holdings in Travelers Companies were worth $6,262,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TRV. BlackRock Inc. acquired a new stake in shares of Travelers Companies in the second quarter worth $6,915,909,000. Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the last quarter. Bank of America Corp DE acquired a new position in Travelers Companies during the second quarter valued at $932,142,000. GQG Partners LLC acquired a new position in Travelers Companies during the second quarter valued at $789,024,000. Finally, First Trust Advisors LP lifted its position in Travelers Companies by 7.2% during the first quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider’s stock valued at $497,431,000 after purchasing an additional 115,276 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $395.06 on Tuesday. The company’s fifty day moving average price is $378.16 and its 200 day moving average price is $333.38. The Travelers Companies, Inc. has a 1 year low of $268.00 and a 1 year high of $418.00. The company has a market capitalization of $80.97 billion, a PE ratio of 10.36, a price-to-earnings-growth ratio of 2.83 and a beta of 0.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. The company had revenue of $12.41 billion during the quarter, compared to analysts’ expectations of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.14 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 36.27 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group upped their price target on shares of Travelers Companies from $351.00 to $365.00 and gave the company a “hold” rating in a report on Monday, October 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $384.00 price objective (up from $363.00) on shares of Travelers Companies in a research note on Monday, October 19th. JPMorgan Chase & Co. boosted their price objective on Travelers Companies from $352.00 to $379.00 and gave the company a “neutral” rating in a report on Tuesday, October 20th. HSBC upped their target price on Travelers Companies from $376.00 to $389.00 and gave the stock a “hold” rating in a research note on Monday, October 19th. Finally, Piper Sandler raised their target price on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, fifteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $370.83.

Insider Activity

In related news, EVP Andy F. Bessette sold 3,000 shares of the company’s stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $399.35, for a total value of $1,198,050.00. Following the completion of the transaction, the executive vice president owned 18,285 shares of the company’s stock, valued at approximately $7,302,114.75. This represents a 14.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 15,000 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $407.00, for a total value of $6,105,000.00. Following the transaction, the executive vice president owned 88,642 shares in the company, valued at $36,077,294. This represents a 14.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 195,287 shares of company stock worth $77,818,050. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.